3.2 Monday Afternoon Mu Feng Market Analysis

The geopolitical risks in the Middle East continue to escalate, and global risk aversion sentiment has significantly increased, causing fluctuations in the crypto market driven by macroeconomic sentiment. Bitcoin rebounded after dipping below the key support level of $65,000 overnight, with the decline narrowing.

After intense volatility over the weekend, the market has returned to a range-bound pattern, with the short-term trend mainly oscillating within a range. In the afternoon, the trading strategy remains focused on selling high.

Mu Feng Recommendations
Bitcoin: Gradually build short positions within the $67,000–$68,200 range, targeting $66,000–$64,500
Ethereum: Gradually build short positions within the $1,990–$2,030 range, targeting $1,960–$1,890
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